Economy

Inflation in Mexico rose 4.78%; these are the products whose price increased

INEGI shared this information

The National Index of Consumer Prices (INPC) increased by 0.21% compared to last fortnight, showing that general yearly inflation is currently at 4.78% during the first 15 days of June 2024; this information was shared by the National Institute of Statistics and Geography (INEGI).

In the same period in 2023, fortnight inflation was 0.02% and yearly inflation was 5.18%.

Meanwhile, the index of underlying prices increased 0.17% at a fortnight rate and 4.17% at a yearly rate.

The index of non-underlying prices increased 0.34% at a fortnight rate and 6.73% at a yearly rate.

At a fortnight rate, on the underlying index, prices of goods increased 0.19% and prices of services increased 0.14%.

Meanwhile, on the non-underlying index, at a fortnight rate, prices of farming products increased 0.56% and energy commodities and fees authorized by the government increased 0.13%.

Which products and services increased or lowered their prices, according to inflation?

INEGI shared a list of the main products and services whose prices changed due to the general inflation in the first two weeks of June.

Products whose prices are increasing

  • Chayote
  • Oranges
  • Bananas
  • Other vegetables and legumes
  • Lettuce and cabbages
  • Avocado
  • Housing
  • Packaged tourism services
  • Air transport
  • Zucchini

Products whose prices are lowering

  • Tomatoes
  • Serrano chili pepper
  • Internet, phone, and pay TV packages
  • Grapes
  • Eggs
  • Other fresh peppers
  • Onions
  • Poblano chili peppers
  • Lemons
  • Green tomatoes

INEGI also explained in which federal entities and cities INPC had the greatest inflation fluctuations.

States with fluctuation above the national average

  • Oaxaca
  • Yucatán
  • Hidalgo
  • Campeche
  • Sonora

States with fluctuation below the national average

  • Zacatecas
  • Michoacán
  • Baja California
  • Baja California Sur
  • Guanajuato

One should note that INPC "measures average fluctuation of prices of basic goods and services that represent consumption at home," according to INEGI, which allows them to know the inflation rate which, in this case, is of the first two weeks of June 2024.

Article originally published at MVS Noticias.

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